Republic of Armenia : Financial System Stability Assessment.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/010

IMF Staff Country Reports

Language:

English

Subjects (All):

Financial statements--Armenia (Republic).

Financial statements.

Fiscal policy--Armenia (Republic).

Fiscal policy.

Armenia (Republic)--Economic conditions.

Armenia (Republic).

Physical Description:

1 online resource (73 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

Armenia’s growing financial system is dominated by banks, and its regulatory and supervisory system is robust. The Executive Board of the International Monetary Fund (IMF) has recommended the Central Bank of Armenia (CBA) to develop a program to gather information and monitor the hedging ability of borrowers. Liquidity requirements in foreign currency would be an important risk mitigant particularly because the CBA has a limited ability to extend foreign currency emergency liquidity assistance. Implementation of the pension reform in 2014 will bring additional investments to the market.

Contents:

Cover; Contents; Glossary; A; B; C; D; E; F; I; M; N; P; R; Executive Summary; Tables; 1. Main Recommendations; I. Background; A. Financial and Macroeconomic Setting; Figures; 1. Financial Stability Indicators-Peer Countries Analysis; B. Implementation of 2005 FSAP Update Recommendations; 2. Net Non-Commercial Inflows; II. Vulnerability Analysis; A. Key Macroeconomic and Financial Risks; B. Banking Sector Risk Assessment; 3. Foreign Currency Shares in Total Loans and Deposits; 4. NPL to Gross Loans Ratio; 5 . Provisioning and Write-offs; 6. NPL to Gross Loan Ratio by Currency

7. Capital Adequacy8. Large Exposures to Total Capital Ranges; 9. Profitability; 10. Short-Term Lending Less Short-Term Deposit Interest Rates; 11. Customer Deposits to Non-interbank Loans; 12. Liquidity; III. Non Bank Sector; A. The Pension Sector; 13. Interquartile Ranges of Large Liabilities to Total Liabilities; B. The Insurance Market; C. Capital Markets; IV. Financial Sector Oversight; A. Cross-Cutting Issues; B. Banking Supervision; C. Insurance Supervision; D. Regulation of Payments and Settlement Systems; E. Anti-Money Laundering and Combating the Financing of Terrorism Framework

F. Macroprudential FrameworkG. Integrated Systemic Risk Stress Testing; V. Liquidity, Crisis Management, and Safety Nets; A. Liquidity Management; B. Early Intervention and Orderly Resolution of Problem Banks; C. Inter-institutional Arrangements; Annex I. Summary Observance of the IAIS Insurance Core Principles (ICPs); A. Information and Methodology Used for Assessment; B. Market Overview; C. Institutional and Macroprudential Setting; D. Main Findings; 2. Summary of Compliance with the ICPs; 3. Recommendations to Improve Observance of ICPs

Annex II. Summary of the Observance of the Basel Core Principles for Effective Banking SupervisionA. Information and Methodology Used for the Assessment; B. Institutional and Macro-Prudential Setting, Market Structure Overview; C. Preconditions for Effective Banking Supervision; D. Main Findings; 4. Summary Compliance with the Basel Core Principles-ROSCs; 5. Recommended Action Plan to Improve Compliance with the Basel Core Principles; Appendixes; I. Introduction of Liquidity Requirements by Currency; II. 2005 FSAP Update: Status of Recommendations; III. Risk Assessment Matrix

IV. Armenia: Structure of the Financial SectorV. Stress Testing Matrix; VI. Summary of Stress Test Results

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475597790

1475597797

9781475529890

1475529899

9781299264441

1299264441

9781475555233

1475555237